[2] In 1969, Harima Heavy Industries of Japan ordered three tankers from Karageorgis, scheduled to be delivered in March, April, and July 1972.
[3] In March 1971, it was reported Karageorgis planned to set up a shipyard and steel plant in the port of Pylos Navarino.
[11] In December 1975, the company bought the MS Gripsholm from the Swedish American Line to add to their fleet of passenger vessels.
In January 1976, it was reported Karageorgis ordered ten (17,000 ton) new cargo vessels from Marine Industries in Canada.
[14] On Friday night, August 7, 1981, while sailing a mile south of the Aegean island Patmos, the Navarino ran aground on rocks.